Sharma to unveil foreign trade policy on August 27
Date : Aug-18-2009 10:33
In order to discuss the details of the new five-year Foreign Trade Policy (FTP) which is to be unveiled on August 27, Union Commerce and Industry Minister Anand Sharma met Union Finance Minister Pranab Mukherjee. However, the new FTP is likely to look into the problems of exporters due to the huge slump in their traditional markets of the U.S. and the European Union and in addition it would give some incentives to exporters to broaden their global markets outside the U.S., the EU and Japan and venture into new markets including those of Africa.
Additionally, it is said that the government could give support but however, would not be able to create demand in the Western economies which were contracting. Moreover, the policy would outline the priority sectors as also sops, besides focusing on employment and labour intensive areas like textiles, leather, gems and jewellery, and handicrafts.
Date : Aug-18-2009 10:33
In order to discuss the details of the new five-year Foreign Trade Policy (FTP) which is to be unveiled on August 27, Union Commerce and Industry Minister Anand Sharma met Union Finance Minister Pranab Mukherjee. However, the new FTP is likely to look into the problems of exporters due to the huge slump in their traditional markets of the U.S. and the European Union and in addition it would give some incentives to exporters to broaden their global markets outside the U.S., the EU and Japan and venture into new markets including those of Africa.
Additionally, it is said that the government could give support but however, would not be able to create demand in the Western economies which were contracting. Moreover, the policy would outline the priority sectors as also sops, besides focusing on employment and labour intensive areas like textiles, leather, gems and jewellery, and handicrafts.
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